Unlock New Opportunities to Maximize Performance
IMPROVE MARGINS, PROCESSES & SUPPLIER RELATIONSHIPS
Bringing new drugs and medical discoveries to market doesn’t come without significant funding and the potential for costly scientific and regulatory oversight. PRGX uses its finance and procurement expertise to deliver profit recovery services and S2P data intelligence solutions that unlock value, provide the business intelligence to unlock value, uncover profit, and boost the health of your organization.
OUR GLOBAL PARTNERS INCLUDE
INCREASE THE IMPACT ON YOUR BUSINESS
ACCOUNTS PAYABLE PROFIT RECOVERY
Even high-performing AP teams can struggle with duplicate payments and working capital optimization while also maintaining and strengthening supplier relationships.
Our approach to AP Profit Recovery goes beyond error identification; we’re committed to unlocking incremental value and enhancing your organization’s overall health.
While conventional audits often focus solely on immediate payback, PRGX AP Profit Recovery take a holistic view, leveraging expertise and advanced technology to uncover errors and opportunities for improvement across departments and the supply chain. We focus on finding and sharing source-to-pay value, connecting present and future opportunities for maximum impact.
Read our new guide on how to choose the right profit recovery partner.
SPEND & PAYMENT INSIGHT™
AI Duplicate Payments
Sample of validated duplicates, immediate cash capture, estimate of duplicate payment value that could be prevented
Working Capital Review
Days payable outstanding (DPO) and payment term insights & review, including expert consult on top ash improvement opportunity
Vendor Master Health
Cleanliness assessment with key insights into value identification and fraud/risk mitigation across vendor master data
WANT TO LEARN MORE?
Discover how Spend & Payment Insight empowers AP teams to unlock value.
WATCH A DEMOPRGX CONTRACT MANAGEMENT
Elevate compliance.
Optimize performance.
Continuously monitor.
Give your supplier contracts the attention they deserve at the scale you need with PRGX Contract Management, the only solution that blends decades of contract expertise with secure AI technology to ensure contracts are optimized and performing.
Create smarter contracts built to drive profitability for your business.
“PRGX is a crucial partner that we rely on not only in execution but also helping us form strategy, making sure we’re taking the right direction with our program, and to hear what is happening in the industry and best practice.”
Procurement & Compliance Audit Director – Fortune 100 Company
PRGX IS REVOLUTIONIZING S2P WITH POWERFUL A.I.
Contract Insights
Uses Machine Learning to aid auditors in identifying key terms and clauses, and delivers an overall predictive risk score on each contract
AI Duplicate Payment Detection
Case Study: Analyzed over 6,100 potential duplicates (matching on key indicators), leading to 122 duplicates identified and $630,000 saved profit
Document AI
Within our Panoptic audit platform, Document AI increases the velocity and breadth of the profit recovery while preserving strong supplier relationships
Supplier Connect
AI-powered portal helps AP teams manage supplier inquiries and disputes, resolving issues 3x faster and reducing unnecessary repayments by up to 40%
How can we help you?
Uncover Profit, Unlock Value & Unleash Efficiencies in Your S2P Process
PRGX’s profit recovery services and data intelligence solutions help accounts payable and procurement teams gain visibility and insights into immediate cash recoveries and long-term cost savings.
“Working with PRGX was an excellent way to assess where we stood in terms of our procure-to-pay processes. We had doubts about whether we were paying correctly, if there were any overpayments to suppliers, or if we were missing out on any cash. So, it was truly an excellent project for this purpose.
Cash recovery is crucial today. I don’t think we could have recovered these additional amounts without this project. I believe it’s very efficient, and I really emphasize that it has improved our processes significantly.”
VP of Finance – Top Global Retailer
